Western Australian Current Acts

LOCAL GOVERNMENT ACT 1995 - SECT 6.13

6.13 .         Interest on money owing to local governments

        (1)         Subject to any other written law, a local government may resolve* to require a person to pay interest at the rate set in its annual budget on any amount of money (other than rates and service charges) which —

            (a)         that person owes to the local government; and

            (b)         has been owed for the period of time referred to in subsection (6).

        * Absolute majority required.

        (2)         A resolution under subsection (1) is to be included in the annual budget.

        (3)         The rate of interest that may be set by the local government under this section is not to exceed the rate for the time being prescribed as the maximum rate of interest that may be set for the purposes of this section.

        (4)         Where a local government imposes interest under subsection (1) on any outstanding amount of money the local government is not to also impose an additional charge in relation to that amount.

        (5)         Accrued interest is, for the purpose of its recovery, taken to form part of the money owed to the local government on which it is charged.

        (6)         A local government is not to impose interest on any amount of money under subsection (1) until the money has been owed to the local government for the period of time set by the local government in its annual budget (not being less than 35 days) after the date which is stated on the relevant account for payment as being the date the account was issued.

        (7)         Regulations may provide for the method of calculation of interest.

        [Section 6.13 modified: SL 2020/57 ^1M .]